CRYPTOCURRENCIES like bitcoin, Ripple and Ethereum could crash all the way to zero, according to Goldman Sachs. But will cryptos lose their value completely?

Will cryptocurrencies crash to zero?

The note, released earlier this week, slated cryptocurrencies for having “no intrinsic value”, though it did suggest features of some coins could live on.

Steve Strongin, Goldman Sachs’ head of global investment research, said: “Whether any of today’s cryptocurrencies will survive over the long run seems unlikely to me, although parts of them may evolve and survive.

“Because of the lack of intrinsic value, the currencies that don’t survive will most likely trade to zero.”